Most of us haven't paid for a checking account in years, while enjoying such connected perks as debit-card rewards, free online bill payment, and free check printing. Unfortunately, that's all about to change. HSBC North America began the trend by converting to checking accounts carrying a fee of up to $15 for monthly maintenance. Wells Fargo ditched freebies as of July 1, and Bank of America is testing tiered checking accounts that will induce us to increase our bank activity.
What you can do: You better shop around if you want to find free checking these days. A locally owned credit union may be your best bet.